Categories AlphaGraphs, Earnings, Retail
Best Buy (BBY) Q3 2024 Earnings: Key financials and quarterly highlights
Best Buy Co., Inc. (NYSE: BBY) reported its earnings results for the third quarter of 2024 today.
Enterprise revenue totaled $9.7 billion compared to $10.5 billion reported in the same period last year. Comparable sales declined 6.9%.
Net earnings were $263 million, or $1.21 per share, compared to $277 million, or $1.22 per share, last year. Adjusted EPS was $1.29.
Earnings beat estimates while revenue fell short. The company also lowered its guidance for the full year.
For the fourth quarter of 2024, Best Buy expects comparable sales to decline 3-7%. For the full year of 2024, the company expects revenue of $43.1-43.7 billion and adjusted EPS of $6.00-6.30. Comparable sales for the year are expected to decline 6.0-7.5%.
The stock was down over 5% in premarket hours on Tuesday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its